Warner Bros. Discovery (WBD) has drawn the interest of activist investor Ancora, which has built a $200 million stake in the company, The Wall Street Journal reported Tuesday, citing unnamed people familiar with the matter.

Ancora is also planning to block Warner's deal to sell its movie and television studios and HBO Max streaming service to Netflix (NFLX), sources told WSJ.

The move adds another layer of uncertainty to the prolonged battle for the Hollywood studio, which is already the target of competing takeover offers from Netflix and Paramount (PSKY), the report added.

Ancora's position could be announced as soon as Wednesday, the report said.

Warner Bros. Discovery and Ancora did not immediately reply to MT Newswires' requests for comment.

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